Oil drops more than 2% as a pause in U.S.-Iran hostilities raises de-escalation hopes
AI Summary
Oil prices dropped over 2% amid hopes for de-escalation following a pause in US-Iran hostilities. On Air Force One, President Trump dismissed concerns about US weapon shortages during his flight to Michigan.
Speaking to reporters aboard Air Force One on Monday en route to Michigan, Trump dismissed suggestions that the U.S. was running short on weapons.
Politics Markets Commodities Energy oil prices US-Iran hostilities de-escalation Trump weapon concerns